Cost of Living Comparison Between Reykjavik and Budapest 
| Indices Difference |  |
|---|---|
| Consumer Prices in Budapest are 47.6% lower than in Reykjavik (without rent) | |
| Consumer Prices Including Rent in Budapest are 53.1% lower than in Reykjavik | |
| Rent Prices in Budapest are 65.0% lower than in Reykjavik | |
| Restaurant Prices in Budapest are 54.0% lower than in Reykjavik | |
| Groceries Prices in Budapest are 54.7% lower than in Reykjavik | |
| Local Purchasing Power in Budapest is 33.6% lower than in Reykjavik | |
Restaurants | Reykjavik Edit |
Budapest Edit | Difference |
|---|---|---|---|
| Meal, Inexpensive Restaurant |
2,945.00 kr (7,723.04 Ft) |
1,525.31 kr (4,000.00 Ft) |
-48.2 % |
| Meal for 2 People, Mid-range Restaurant, Three-course |
17,250.00 kr (45,236.80 Ft) |
7,626.53 kr (20,000.00 Ft) |
-55.8 % |
| McMeal at McDonalds (or Equivalent Combo Meal) |
2,350.00 kr (6,162.69 Ft) |
1,143.98 kr (3,000.00 Ft) |
-51.3 % |
| Domestic Beer (1 pint draught) |
1,500.00 kr (3,933.63 Ft) |
381.33 kr (1,000.00 Ft) |
-74.6 % |
| Imported Beer (12 oz small bottle) |
1,250.00 kr (3,278.03 Ft) |
381.33 kr (1,000.00 Ft) |
-69.5 % |
| Cappuccino (regular) |
711.40 kr (1,865.60 Ft) |
320.56 kr (840.63 Ft) |
-54.9 % |
| Coke/Pepsi (12 oz small bottle) |
403.39 kr (1,057.86 Ft) |
225.25 kr (590.70 Ft) |
-44.2 % |
| Water (12 oz small bottle) |
288.14 kr (755.61 Ft) |
171.02 kr (448.48 Ft) |
-40.6 % |
Markets | Reykjavik Edit |
Budapest Edit | |
| Milk (regular), (1 gallon) |
856.77 kr (2,246.80 Ft) |
554.99 kr (1,455.42 Ft) |
-35.2 % |
| Loaf of Fresh White Bread (1 lb) |
464.58 kr (1,218.31 Ft) |
194.06 kr (508.90 Ft) |
-58.2 % |
| Rice (white), (1 lb) |
207.81 kr (544.97 Ft) |
128.32 kr (336.50 Ft) |
-38.3 % |
| Eggs (regular) (12) |
821.68 kr (2,154.78 Ft) |
332.68 kr (872.43 Ft) |
-59.5 % |
| Local Cheese (1 lb) |
965.37 kr (2,531.62 Ft) |
614.67 kr (1,611.93 Ft) |
-36.3 % |
| Chicken Fillets (1 lb) |
1,232.99 kr (3,233.42 Ft) |
351.19 kr (920.98 Ft) |
-71.5 % |
| Beef Round (1 lb) (or Equivalent Back Leg Red Meat) |
1,982.11 kr (5,197.94 Ft) |
779.00 kr (2,042.86 Ft) |
-60.7 % |
| Apples (1 lb) |
212.21 kr (556.51 Ft) |
96.70 kr (253.60 Ft) |
-54.4 % |
| Banana (1 lb) |
134.30 kr (352.20 Ft) |
115.96 kr (304.09 Ft) |
-13.7 % |
| Oranges (1 lb) |
175.06 kr (459.08 Ft) |
121.71 kr (319.18 Ft) |
-30.5 % |
| Tomato (1 lb) |
309.60 kr (811.90 Ft) |
176.84 kr (463.74 Ft) |
-42.9 % |
| Potato (1 lb) |
196.68 kr (515.78 Ft) |
76.88 kr (201.62 Ft) |
-60.9 % |
| Onion (1 lb) |
140.44 kr (368.30 Ft) |
82.84 kr (217.24 Ft) |
-41.0 % |
| Lettuce (1 head) |
439.56 kr (1,152.72 Ft) |
193.24 kr (506.76 Ft) |
-56.0 % |
| Water (1.5 liter bottle) |
281.00 kr (736.90 Ft) |
67.34 kr (176.59 Ft) |
-76.0 % |
| Bottle of Wine (Mid-Range) |
2,749.50 kr (7,210.35 Ft) |
762.65 kr (2,000.00 Ft) |
-72.3 % |
| Domestic Beer (0.5 liter bottle) |
434.15 kr (1,138.51 Ft) |
150.67 kr (395.13 Ft) |
-65.3 % |
| Imported Beer (12 oz small bottle) |
355.89 kr (933.29 Ft) |
200.80 kr (526.58 Ft) |
-43.6 % |
| Cigarettes 20 Pack (Marlboro) |
1,650.00 kr (4,327.00 Ft) |
838.92 kr (2,200.00 Ft) |
-49.2 % |
Transportation | Reykjavik Edit |
Budapest Edit | |
| One-way Ticket (Local Transport) |
570.00 kr (1,494.78 Ft) |
171.60 kr (450.00 Ft) |
-69.9 % |
| Monthly Pass (Regular Price) |
9,300.00 kr (24,388.54 Ft) |
3,622.60 kr (9,500.00 Ft) |
-61.0 % |
| Taxi Start (Normal Tariff) |
730.00 kr (1,914.37 Ft) |
419.46 kr (1,100.00 Ft) |
-42.5 % |
| Taxi 1 mile (Normal Tariff) |
521.43 kr (1,367.40 Ft) |
270.02 kr (708.11 Ft) |
-48.2 % |
| Taxi 1hour Waiting (Normal Tariff) |
9,630.00 kr (25,253.94 Ft) |
2,516.76 kr (6,600.00 Ft) |
-73.9 % |
| Gasoline (1 gallon) |
1,194.08 kr (3,131.39 Ft) |
907.71 kr (2,380.41 Ft) |
-24.0 % |
| Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) |
5,790,000.00 kr (15,183,830.10 Ft) |
4,003,930.47 kr (10,500,000.00 Ft) |
-30.8 % |
| Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) |
6,087,181.82 kr (15,963,166.58 Ft) |
3,817,569.90 kr (10,011,283.72 Ft) |
-37.3 % |
Utilities (Monthly) | Reykjavik Edit |
Budapest Edit | |
| Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment |
11,721.80 kr (30,739.51 Ft) |
21,647.92 kr (56,770.02 Ft) |
+84.7 % |
| Mobile Phone Monthly Plan with Calls and 10GB+ Data |
3,254.67 kr (8,535.11 Ft) |
3,185.05 kr (8,352.55 Ft) |
-2.1 % |
| Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) |
9,521.81 kr (24,970.22 Ft) |
2,379.03 kr (6,238.82 Ft) |
-75.0 % |
Sports And Leisure | Reykjavik Edit |
Budapest Edit | |
| Fitness Club, Monthly Fee for 1 Adult |
9,103.59 kr (23,873.47 Ft) |
6,963.23 kr (18,260.53 Ft) |
-23.5 % |
| Tennis Court Rent (1 Hour on Weekend) |
4,014.29 kr (10,527.16 Ft) |
2,120.76 kr (5,561.54 Ft) |
-47.2 % |
| Cinema, International Release, 1 Seat |
2,000.00 kr (5,244.85 Ft) |
991.45 kr (2,600.00 Ft) |
-50.4 % |
Childcare | Reykjavik Edit |
Budapest Edit | |
| Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child |
35,073.00 kr (91,976.25 Ft) |
57,372.34 kr (150,454.55 Ft) |
+63.6 % |
| International Primary School, Yearly for 1 Child |
831,666.67 kr (2,180,981.93 Ft) |
1,397,406.07 kr (3,664,590.04 Ft) |
+68.0 % |
Clothing And Shoes | Reykjavik Edit |
Budapest Edit | |
| 1 Pair of Jeans (Levis 501 Or Similar) |
14,582.11 kr (38,240.47 Ft) |
10,799.08 kr (28,319.75 Ft) |
-25.9 % |
| 1 Summer Dress in a Chain Store (Zara, H&M, ...) |
6,077.50 kr (15,937.78 Ft) |
4,488.76 kr (11,771.43 Ft) |
-26.1 % |
| 1 Pair of Nike Running Shoes (Mid-Range) |
19,722.73 kr (51,721.34 Ft) |
12,766.82 kr (33,480.00 Ft) |
-35.3 % |
| 1 Pair of Men Leather Business Shoes |
25,310.62 kr (66,375.17 Ft) |
13,522.35 kr (35,461.32 Ft) |
-46.6 % |
Rent Per Month | Reykjavik Edit |
Budapest Edit | |
| Apartment (1 bedroom) in City Centre |
259,077.12 kr (679,409.83 Ft) |
87,581.50 kr (229,675.75 Ft) |
-66.2 % |
| Apartment (1 bedroom) Outside of Centre |
231,567.43 kr (607,267.78 Ft) |
67,929.71 kr (178,140.45 Ft) |
-70.7 % |
| Apartment (3 bedrooms) in City Centre |
375,965.52 kr (985,940.68 Ft) |
151,285.36 kr (396,734.23 Ft) |
-59.8 % |
| Apartment (3 bedrooms) Outside of Centre |
334,346.15 kr (876,797.10 Ft) |
113,191.05 kr (296,834.82 Ft) |
-66.1 % |
Buy Apartment Price | Reykjavik Edit |
Budapest Edit | |
| Price per Square Feet to Buy Apartment in City Centre |
82,240.62 kr (215,669.71 Ft) |
49,564.37 kr (129,978.75 Ft) |
-39.7 % |
| Price per Square Feet to Buy Apartment Outside of Centre |
65,489.17 kr (171,740.33 Ft) |
33,715.29 kr (88,415.77 Ft) |
-48.5 % |
Salaries And Financing | Reykjavik Edit |
Budapest Edit | |
| Average Monthly Net Salary (After Tax) |
513,380.43 kr (1,346,300.74 Ft) |
159,741.85 kr (418,910.72 Ft) |
-68.9 % |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 8.14 | 9.29 | +14.1 % |
| Last update: | April 2024 | April 2024 | |
| Contributors in the past 12 months: | 162 | 670 |
Moving to Reykjavik? Explore:
Moving to Budapest? Explore:
Cities near Reykjavik: | Cost of Living in Hafnarfjorour | 6.29 miles |
| Cost of Living in Akranes | 29.20 miles |
| Cost of Living in Grindavik | 31.33 miles |
| Cost of Living in Grundarfjordur | 108.80 miles |
| Cost of Living in Kirkjubaejarklaustur | 159.08 miles |
| Cost of Living in Hofsos | 210.99 miles |
Cities near Budapest: | Cost of Living in Budaörs (Budaors) | 6.22 miles |
| Cost of Living in Budakeszi | 6.63 miles |
| Cost of Living in Üröm | 8.34 miles |
| Cost of Living in Törökbálint | 10.23 miles |
| Cost of Living in Dunakeszi | 11.51 miles |
| Cost of Living in Halásztelek | 12.34 miles |
| Cost of Living in Szentendre | 12.89 miles |
| Cost of Living in Pomáz | 13.08 miles |
| Cost of Living in Érd | 18.53 miles |
| Cost of Living in Godollo | 20.02 miles |